Tencent, Hillhouse team up to help manage China's offshore trillions
A weakening yuan amid escalating global trade tensions and domestic credit tightening is likely to spur Chinese interest in diversifying holdings outside the world’s second largest economy
GaoTeng Global Asset Management Ltd., the duo’s one-year-old venture in Hong Kong, plans to start accepting money shortly from retail Chinese investors who have existing assets internationally.
Chinese citizens are expected to add more than US$1.9 trillion to their international investments in the five years through 2020.
Source: SCMP
https://www.scmp.com/tech/article/21644 ... -trillions